2460 Second Avenue

730-Unit Mixed-Use Project Proposed at 2460 Second Avenue, East Harlem

6:30 am on September 1, 2016 By Reid Wilson

The New York City Economic Development Corporation (NYCEDC) has released preliminary plans, ahead of a presentation set to be given later in September, to develop a 1.1-million-square-foot mixed-use project at 2460 Second Avenue, in northern East Harlem. The city-owned property, currently a vacant 105,000-square-foot former bus depot, was the site of a church and a slave burial ground during the 17th century, Commercial Observer reported. The redevelopment would include a 15,000-square-foot living memorial and cultural center in honor those who were buried there. The rest of the project could include 730 rental apartments, half of which would rent at below-market rates. In addition, the plan calls for 315,000 square feet of commercial space, including retail and offices, and 30,000 square feet for community facilities. It would be accommodated by a 300-car parking garage and 18,000 square feet of outdoor space. Since the site is city-owned, the project must be approved through the Uniform Land Use Review Procedure (ULURP). Completion is tentatively set for 2022. The block-encompassing site is located between East 126th and 127th streets.

4135 De Reimer Avenue

Three Three-Story, Two-Family Houses Coming to 4135 De Reimer Avenue, Wakefield

6:00 am on September 1, 2016 By Reid Wilson

Bronx-based A&J Holding USA has filed applications for three three-story, two-family houses at 4135A – 4135C De Reimer Avenue, in the East Bronx section of Wakefield. The buildings will each measure 3,175 square feet and will host a single unit on their ground floors, followed by a second unit across the two upper levels. Across all three houses, the apartments should average a family-sized 1,190 square feet apiece. Each house will also come with two off-street parking spaces, one of which will be housed in a 250-square-foot garage. Pirooz Soltanizadeh’s Jamaica-based Royal Engineering is the applicant of record. The 75-foot-wide plot currently contains the foundational remains of a stalled-out project.

23 Wall Street

Retail Developer in Contract to Purchase Four-Story J.P. Morgan & Co. Building at 23 Wall Street, Financial District

2:00 pm on August 31, 2016 By Reid Wilson

JTRE Holdings is in contract to acquire the four-story J.P. Morgan & Co. Building at 23 Wall Street, located at the corner of Broad Street in the Financial District, for an undisclosed sum of less than $150 million, the New York Post reported. The structure, an individual landmark, has long been used as an office building, once housing the private offices of J.P Morgan himself. The 160,000-square-foot building currently sits vacant. Plans have not been disclosed for the property, although the developer specializes in retail. The Landmarks Preservation Commission must approve any exterior alterations. A 2015 proposal for a multi-function entertainment venue never came to fruition.